Marcus & Millichap, Inc. Files Definitive Proxy Statement

Ticker: MMI · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 1578732

Marcus & Millichap, Inc. DEF 14A Filing Summary
FieldDetail
CompanyMarcus & Millichap, Inc. (MMI)
Form TypeDEF 14A
Filed DateMar 22, 2024
Risk Level
Pages15
Reading Time18 min
Key Dollar Amounts$646 million, $34 m, $407 million, $45 billion, $20 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Marcus & Millichap, Executive Compensation, Corporate Governance

TL;DR

<b>Marcus & Millichap, Inc. has filed its Definitive Proxy Statement for the fiscal year ended December 31, 2023.</b>

AI Summary

Marcus & Millichap, Inc. (MMI) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: Fiscal year ended December 31, 2023. Filing Date: March 22, 2024. Company Name: Marcus & Millichap, Inc. SIC Code: 6531 (Real Estate Agents & Managers).

Why It Matters

For investors and stakeholders tracking Marcus & Millichap, Inc., this filing contains several important signals. This filing provides detailed information on executive compensation, board of directors, and matters to be voted on at the shareholder meeting. Shareholders can review proposals related to the election of directors, executive compensation, and other corporate governance matters.

Risk Assessment

Risk Level: — Marcus & Millichap, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance disclosures rather than immediate financial distress or significant new risks.

Analyst Insight

Review the executive compensation details and director nominations to understand potential changes in corporate leadership and incentive structures.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Reporting period for the filing)
  • 2024-03-22 — Filing Date (Date the document was filed)
  • 2024-05-02 — Period of Report (Conformed period of report)

Key Players & Entities

  • Marcus & Millichap, Inc. (company) — Filer of the document
  • 0001578732 (company) — Central Index Key for Marcus & Millichap, Inc.
  • 6531 (company) — Standard Industrial Classification code

FAQ

When did Marcus & Millichap, Inc. file this DEF 14A?

Marcus & Millichap, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 22, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Marcus & Millichap, Inc. (MMI).

Where can I read the original DEF 14A filing from Marcus & Millichap, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Marcus & Millichap, Inc..

What are the key takeaways from Marcus & Millichap, Inc.'s DEF 14A?

Marcus & Millichap, Inc. filed this DEF 14A on March 22, 2024. Key takeaways: Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: Fiscal year ended December 31, 2023. Filing Date: March 22, 2024.

Is Marcus & Millichap, Inc. a risky investment based on this filing?

Based on this DEF 14A, Marcus & Millichap, Inc. presents a moderate-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance disclosures rather than immediate financial distress or significant new risks.

What should investors do after reading Marcus & Millichap, Inc.'s DEF 14A?

Review the executive compensation details and director nominations to understand potential changes in corporate leadership and incentive structures. The overall sentiment from this filing is neutral.

How does Marcus & Millichap, Inc. compare to its industry peers?

Marcus & Millichap operates in the real estate brokerage and management sector, providing services for commercial and residential properties.

Are there regulatory concerns for Marcus & Millichap, Inc.?

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information relevant to shareholders.

Industry Context

Marcus & Millichap operates in the real estate brokerage and management sector, providing services for commercial and residential properties.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information relevant to shareholders.

What Investors Should Do

  1. Analyze the proposals presented for shareholder vote.
  2. Examine the compensation packages for named executive officers.
  3. Review the composition and independence of the Board of Directors.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure. No prior filing data is available in this extract for comparison.

Filing Stats: 4,432 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-03-22 16:07:13

Key Financial Figures

  • $646 million — ironment, our team delivered revenue of $646 million and a net loss of $34 million, which la
  • $34 m — venue of $646 million and a net loss of $34 million, which largely reflects the impac
  • $407 million — o our advantage. We ended the year with $407 million in cash, cash equivalents, and marketab
  • $45 billion — ulted in over 7,000 closings and nearly $45 billion in volume, keeping MMI as the top ran
  • $20 million — remains constant. In 2023, we returned $20 million to stockholders in the form of dividend
  • $39 million — rs in the form of dividends and another $39 million through share repurchases. We concluded
  • $72 million — repurchases. We concluded the year with $72 million of share repurchase authorization remai
  • $70 million — am which is inclusive of the additional $70 million authorization that was announced in May
  • $1 million — nal investment brokerage company in the $1 million to $10 million private client market se
  • $10 million — brokerage company in the $1 million to $10 million private client market segment. This is
  • $43.6 billion — ith total sales volume of approximately $43.6 billion. We service clients by underwriting,

Filing Documents

Executive Compensation Tables and Other Information

Executive Compensation Tables and Other Information 45 PROPOSAL 4 Approval of the Amended and Restated 2013 Omnibus Equity Incentive Plan 63 PROPOSAL 5 Approval of the Amended and Restated 2013 Employee Stock Purchase Plan 79 General Information 91 Principal Stockholders 91 Certain Relationships and Related Party Transactions 93 Information About the 2024 Annual Meeting of Stockholders 94 Information Referenced in This Proxy Statement 98 Other Matters 98 Appendix A Amended and Restated 2013 Omnibus Equity Incentive Plan A-1 Appendix B Amended and Restated 2013 Employee Stock Purchase Plan B-1 Table of Contents March 22, 2024 Notice of 2024 Annual Meeting of Stockholders TO BE HELD ON MAY 2, 2024 Date and Time Virtual Meeting Record Date Thursday, May 2, 2024, 2:00 p.m. Pacific Time Via the Internet https://web.lumiagm.com/204691330 (password: Mm2024) March 12, 2024 The 2024 Virtual Annual Meeting of Stockholders ("Annual Meeting") of Marcus & Millichap, Inc. ("Marcus & Millichap," "MMI," or the "Company") will be held as a virtual-only meeting on Thursday, May 2, 2024 at 2:00 p.m. Pacific Time. The platform for the virtual Annual Meeting includes functionality that affords validated stockholders substantially the same meeting participation rights and opportunities they would have at an in-person meeting. Once admitted to the Annual Meeting, stockholders may view reference materials, submit questions, and vote their shares by following the instructions that will be available on the Annual Meeting website. Agenda At the Annual Meeting, stockholders will be asked to vote on the following proposals: PROPOSAL BOARD VOTING RECOMMENDATION PAGE REFERENCE (FOR MORE DETAIL) Management Proposals Elect three Class II Directors nominated by our Board of Directors, each to serve for a three-year term FOR each nominated Director 7 Ratify the appointment of Ernst & Young LLP as our independen

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